USDT.D linear weekly bottom trend

Jun 16

The bottom trend shown here has been the finish line for every BTC rally for the last 15 years. You can clearly see that Tether dominance has moved down over twice the distance it did in the previous bull market. This indicates that very little retail money is present which corroborates the low volume, poor structure, and limited alt performance comparative to BTC. USDT.D is under it's weekly 200 EMA for the first time however so have to see if that trend will break. EMA's are lagging indicators and, for now, best to assume that trend will continue to hold. BTC will not see targets beyond 86 without breaking that trend and every single bit of Tether being poured into the market.